Conveyancing in Bourne
Conveyancing is defined as the work a solicitor or licenced conveyancer does to transfer a property from one party to another. If you need a solicitor for conveyancing in Bourne, we can help you with fast & proactive conveyancing from a national panel of conveyancing specialists.
We have helped Bourne and South Kesteven clients with buying, selling, buy-to-let, Help to Buy, Right to Buy, shared ownership, new build, leasehold, lease extensions, remortgage and transfer of equity.
Other areas covered: Melton Mowbray, Peterborough, Spalding and Stamford
Buying property in Bourne
A market town in Lincolnshire, Bourne is known for Bourne Motor Racing Club. Major employers include Bourne Prepared Produce and local retail. It is served by bus links to Peterborough and Stamford.
What does a property lawyer do?
During a property purchase, a lawyer will address all the legal details of buying a home. This means carrying out comprehensive due diligence on the property, including local authority searches (e.g. from South Kesteven Council), raising enquires and registering your ownership of the property at HMLR.
Further to the standard checks and searches, Bourne conveyancing solicitors may carry out flood risk checks due to low-lying land.
Are you purchasing a property with a mortgage?
Whether you are buying a property to let or a first-time buyer, your solicitor must also complete legal work for your mortgage lender.
If your lawyer isn't accepted on your mortgage provider's panel, it could take weeks longer to complete your purchase.
Our chosen panel lawyers have established relationships with the majority of building societies, banks and lenders, such as major banks like Co-operative Bank, to smaller lenders like Newcastle Building Society and Keystone Finance - facilitating a quicker completion of your transaction.
Read more:
Conveyancing for buying a property
Find out if our panel solicitors can act for your mortgage lender
Council Tax in Bourne (2023/24)
Bourne is in South Kesteven.
Band | Amount |
---|---|
A | £1,343.65 |
B | £1,567.59 |
C | £1,791.53 |
D | £2,015.47 |
E | £2,463.35 |
F | £2,911.23 |
G | £3,359.12 |
H | £4,030.94 |
Compare South Kesteven Tax with other areas
We can help home buyers in Bourne with the conveyancing for:
There are over half a million listed properties across the country - around 2,260 of which are in South Kesteven. Listed buildings and properties in and around Bourne include: Owning a listed building brings its own set of challenges. Examples of the duties that listed building owners face include regular upkeep, consent for additions like solar panels and a requirement to use original or historically appropriate materials. Our expert conveyancing solicitor panel will clarify the commitments a listed building owner must make. Read more:Listed buildings
New Build Conveyancing
The legal work for buying a new build home in Bourne can be complicated compared to other types of conveyancing.
A conveyancing solicitor in Bourne will need to be qualified to handle things like dealing with failures to arrange warranty provider inspections, dealing with incomplete service connection agreements and registering ownership with warranty providers such as NHBC, Advantage and Q Assure.
Read more:
Leasehold property
Purchasing a leasehold property in the UK requires a number of extra steps when compared to buying a freehold. The many potential problems awaiting the unsuspecting purchaser can include legally technical issues like incomplete management company accounts and excessive freehold premiums.
A leasehold solicitor will look into all potential issues with the lease and report back to you.
Read more:
What you need to know about buying a leasehold property
Should I be wary of buying a leasehold house?
Should I buy a property with a short lease?
Selling property in Bourne
When you're looking to sell a house or flat in Bourne, you can expect the solicitor to first assemble all essential documents, including title deeds and assorted property information forms, and help you fill out this paperwork.
Duties include answering enquiries from the buyer's solicitor, resolving any potential issues and taking charge of the mortgage redemption. In order to assure a smooth transfer of ownership, your conveyancing solicitor will also work with all parties, such as estate agents and banks or building societies.Read more:
Conveyancing for selling a property
Is there anything to be aware of if selling a leasehold property in Bourne?
Conveyancing for a leasehold flat (leasehold houses are uncommon) is quite a lot more complex than it is for a freehold home.
The complex nature of leasehold property means that conveyancing solicitors in Bourne must carry out additional tasks, for example sourcing an up-to-date service charge statement, through to a copy of the insurance policy.
So as to resolve any leasehold-related delays sooner, It is highly recommended that you instruct a property lawyer as soon as possible.
Remortgaging a property in Bourne
The Bank of England's current base rate is 5.25% (19 March, 2024)
You will need to check the remortgage solicitor you have picked is on your mortgage lender's legal panel before you instruct your solicitor.
Our partner panel solicitors are approved members of the majority of mortgage lenders. Whether you are changing to a 5-year fixed rate with Leeds Building Society or taking out a 10-year tracker rate from Secure Trust Bank, we can help you.
Read more:
Find out if our panel solicitors can act for your lender
Transfer of Equity in Bourne
If you intend to reduce or increase your ownership share of your property, whether you are transferring the ownership of your home to your daughter, son or other family member, inheritance tax (IHT) planning or buying out a joint owner, a transfer of equity is required. Your legal representative will quickly and efficiently complete the legal work for a low, fixed fee.
See also:
Transfer of equity Stamp Duty calculator
Conveyancing costs in Bourne: What to expect
Solicitors' fees
These fees are paid to your solicitor for the legal services they provide during your transaction. The quote will detail the fees for the legal work, including VAT, that you pay when the property transaction is complete.
Disbursements
Disbursements are third-party expenses incurred during the purchase, sale or other conveyancing transaction. Third-party disbursements include Stamp Duty and property searches.
Check the T's & C's
Watch out for undisclosed fees not included in your original quote, if you are comparing quotes. Some solicitors' quotes include additional fees in the small print. This can lead to a higher-than-expected final bill.